State Bank of India has released Rs 3,323.24 crore in arrears to defence pensioners on Friday.

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Public sector bank State Bank of India (SBI) said that it has released Rs 3,323.24 crore in arrears to defence pensioners as part of the 7th Pay Commission on Friday. The bank released the amount to about 9.94 lakh pensioners, Rajnish Kumar, managing director (national banking group), said in a statement.

Last month, the bank released about Rs 4,003 crore worth in arrears to 4.60 lakh retired services pensioners. The bank serves to the largest share of central government pensioners across the country and to about 50 percent of total defence pensioners.